PerpEquities

Equity · Utilities

The Southern Company (SO) perpetual futures

SO perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SOUSDT.

The Southern Company is a US energy utility that produces, transmits and distributes electricity, distributes natural gas and invests in gas pipelines, serving about 8.7 million electric and gas customers.

$92.63-0.7%NYSE closed
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venue perp mark · Gate.io (SO/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$789
Open interest
$46.3K
Best liquidity
-
Tightest spread
+83.1 bps
Gate.io
Highest volume
$789
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $1.7B
OI / float
0.00%
Float $106.3B
Spot performance
1D-0.67%
5D-0.93%
1M+11.23%
6M-2.99%
YTD+6.79%
1Y+0.42%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeSO/USDTTrading$92.630.0% APR
0.000% every 8h		+83.1 bps-$789$46.3KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

SO
Gate.io · SO/USDT+83.1 bps

Highest volume

SO
Gate.io · SO/USDT$789

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q2 '26 · filed 2026-07-30 · next report 2026-11-05 · Updated 27m ago
All financials →

Valuation & key figures

Market cap
$107.1B
Updated 27m ago
Revenue
$30.2B
Trailing 12 months
Revenue growth
+4%
Next fiscal year
Profit margin
+15.4%
P/E
22.3
Peer P/E 20.8
P/S
3.5
Peer P/E
20.8
Similar listed perps
Free cash flow
$2.6B
Trailing 12 months
Net income
$4.7B
Trailing 12 months
Revenue estimate
$30.6B
Next fiscal year
Earnings
2026-11-05
Revenue est. $8.4B · Updated 27m ago
Dividend
$0.76
2026-11-16
Revenue (TTM)$30.2B+6.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)24.2%-1.2 pp vs a year agoOperating income $7.3B
Net income (TTM)$4.66B+8.7% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$2.57B+264.6% vs a year agoCapex $7.68B
Diluted EPS (TTM)$4.14+6.7% vs a year agoSum of the last 4 quarters
Net cash-$74.1B-6.5% vs a year agoCash + short-term investments - debt
  • Last report (2026-07-30): revenue missed by 3.5%, EPS beat by 11.9%Revenue $6.98B vs $7.23B expected (-3.5%); EPS $1.13 vs $1.01 (+11.9%).
  • Revenue growth slowing: 0.1% year on yearQ2 '26 revenue $6.98B, against an average of 8.4% over the four quarters before.
  • Operating margin 24.2% (TTM), -1.2 pp on a year agoOperating income grew 1.4% while revenue grew 6.4%.
  • 39.1% of pre-tax profit is eaten by non-operating lossesPre-tax income $5.25B vs operating income $7.3B (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Electric Utilities–––
Retail electric revenues$4.81B–69.0%
Southern Company Gas–––
Southern Power–––
Natural gas distribution revenues$873M–12.5%
Wholesale electric revenues$510M–7.3%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 306 lines The Southern Company reported to the SEC

Next catalyst

Catalysts

Earnings
2026-11-05
Revenue est. $8.4B · Updated 27m ago
Dividend
$0.76
2026-11-16
  • Earnings today · Before market open

Reference data

Market context

Reference market

Closed
New York Stock Exchange
Regular hours
09:30 AM – 04:00 PM
Next holiday
Nov 26, 2026 · Thanksgiving Day

After-hours reference

Bid90.4
Ask94.7
Volume18,715,628

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.59$30.6B+4%13
FY 20274.92$32.4B+10%13
FY 20285.37$34.5B+17%4
FY 20295.79$36.6B+24%1
FY 20306.19$39B+32%1
Q1 20291.60$8.5B+1%3

Company events

6
2026-11-16Dividend$0.76-
2026-11-05Earnings · Before market openActual - / Estimate 1.71-
2026-08-17Dividend$0.76-
2026-07-30EarningsActual 1.13 / Estimate 1.01Beat
2026-05-18Dividend$0.76-
2026-04-30EarningsActual 1.32 / Estimate 1.21Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
YANGTZE$109.6B8.822.6+38.8%1CEG$87.1B2.823.9+11.1%14NEE$169.9B5.814.5+39.9%4VST$40.4B2.120.0+11.6%18PCG$33.8B1.39.4+12.0%1DTE$28.6B1.821.6+8.1%1NRG$17.5B0.521.9+2.6%1TLN$15.5B3.8-57.6-6.2%2

Company data

Company intelligence

Updated: Nov 2, 2026, 03:10 PM UTC

Company profile

Sector
Utilities
Industry
Regulated Electric
Chief executive
Christopher C. Womack
Employees
29,651
IPO date
Dec 31, 1981
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei1
Piotroski scorei6/9
Overall ratingiB
Owner earningsi$5.61B$4.92 per share
ESG risk ratingiB+Industry rank: 41 out of 131

Rating factors

Return on equityi
4
Return on assetsi
3
Debt to equityi
2
Price to earningsi
2
Price to booki
1

Company press releases

Southern Company aligns leadership, operations to serve growth, develop talent and prepare for the futurePRNewsWireSouthern Silver Provides Corporate UpdateNewsfile CorpGladiator Intersects 36.0m @ 2.63% Cu Including 20.0m @ 3.61% Cu at Cowley, Expanding High-Grade Southern LimbNewsfile Corp60 Degrees Pharmaceuticals Announces Partnership with The University of Southern Mississippi to Evaluate Castanospermine in Nonclinical Models of Alpha-Gal SyndromeGlobeNewsWireFDOT Increases Rekor Contract Ceiling by 94% to $9.5 MillionGlobeNewsWireWesthaven Reports New High-Grade South Zone Results Including 23m Grading 6.69 g/t Au and 42 g/t Ag and Advances Exploration and Pre-Feasibility Programs, Shovelnose Project, Southern British ColumbiaGlobeNewsWire

Congressional disclosures

Senate

House

Market cap history
$106.55B+0.8%Aug 26 – Oct 26
$93.63B$100.09B$106.55BLow: $93.63B · 2026-09-28Latest: $106.55B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $106.55B · 2026-10-30High: $106.55B · 2026-10-30Low: $93.63B · 2026-09-28
Largest fund holders
FundWeightShares held
VTI0.13%35.8M
VOO0.14%30.2M
XLU7.88%20.4M
IVV0.16%15.3M
1657.T0.13%15.3M
XSP.TO0.16%15.3M
XWD.TO0.12%15.3M
SPY0.16%14M
FXAIX0.15%13.2M
VTV0.35%10.7M
VPU6.74%7.7M
VIIIX0.14%6.1M

Analyst track record

How the analysts covering SO have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings100252
Analysts2428
Buy / hold / sell25 / 58 / 1778 / 144 / 30
Upgrades / downgrades / initiations4 / 6 / 27 / 13 / 8
Price targets hit / missed21 / 67 (24%)110 / 119 (48%)
Avg. return after a rating (TipRanks)-3.1%+4.0%
Best / worst call+106.6% / -18.4%+106.6% / -18.4%

After buy calls on this stock: median 21-day move -0.9% vs S&P 500 -3.2% (n = 82)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Andrew WeiselScotiabank100% hit rate on this stock · 12 targets measuredHoldtarget $103Feb 20, 2026
  2. Jeremy TonetJ.P. Morgan80% hit rate on this stock · 10 targets measuredHoldtarget $94.00Oct 13, 2026
  3. James ThalackerBMO Capital69% hit rate on this stock · 13 targets measuredBuytarget $98.00Oct 21, 2026

Latest ratings

DateAnalystCallTarget
Oct 22, 2026Meike BeckerHSBCBuyInitiated$99.50article ↗
Oct 22, 2026Meike BeckerHSBCBuyInitiated$99.50article ↗
Oct 21, 2026James ThalackerBMO CapitalBuyMaintained$98.00article ↗
Oct 21, 2026David ArcaroMorgan StanleySellReiterated$84.00article ↗
Oct 21, 2026James ThalackerBMO CapitalBuyMaintained$98.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$85.00$90.00$95.00$100Dec 25 · Buy 4 · Hold 15 · Sell 2Dec 25Jan 26 · Buy 4 · Hold 13 · Sell 3Feb 26 · Buy 5 · Hold 14 · Sell 2Feb 26Mar 26 · Buy 6 · Hold 14 · Sell 1Apr 26 · Buy 5 · Hold 14 · Sell 1Apr 26May 26 · Buy 7 · Hold 14 · Sell 1Jun 26 · Buy 7 · Hold 12 · Sell 1Jun 26Jul 26 · Buy 7 · Hold 12 · Sell 2Aug 26 · Buy 7 · Hold 10 · Sell 2Aug 26Sep 26 · Buy 5 · Hold 10 · Sell 2Oct 26 · Buy 5 · Hold 9 · Sell 2Oct 26Nov 26 · Buy 5 · Hold 9 · Sell 2Dec 25 · avg. target $94.08Jan 26 · avg. target $93.50Feb 26 · avg. target $100Mar 26 · avg. target $101Apr 26 · avg. target $102May 26 · avg. target $102Jun 26 · avg. target $103Jul 26 · avg. target $102Aug 26 · avg. target $101Sep 26 · avg. target $98.86Oct 26 · avg. target $95.50Nov 26 · avg. target $95.50Dec 25 · month-end close $87.20Jan 26 · month-end close $89.31Feb 26 · month-end close $97.38Mar 26 · month-end close $96.52Apr 26 · month-end close $96.70May 26 · month-end close $92.05Jun 26 · month-end close $95.71Jul 26 · month-end close $94.54Aug 26 · month-end close $88.00Sep 26 · month-end close $82.89Oct 26 · month-end close $93.71Nov 26 · month-end close $93.71

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 100 ratings

Frequently asked questions

Where can I trade SO perpetual futures?

The Southern Company (SO) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade SO around the clock?

Yes. Unlike the underlying stock, SO perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on SO perpetuals?

Right now the SO perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the SO perp price compare to the The Southern Company stock?

The venue-median SO perp mark is $92.6 versus a reference stock price of $92.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a SO perpetual future?

A SO perpetual is a derivative that tracks the price of The Southern Company with no expiry date. It lets you take long or short exposure to The Southern Company on crypto venues, around the clock.

What is SOUSDT perpetual?

SOUSDT is the symbol most crypto exchanges use for the The Southern Company perpetual settled in USDT (Tether). It tracks the SO share price through an index, trades 24/7 with leverage and never expires.

Other Utilities perps

Also listed on Gate.io

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